Nierenberg Investment Management Company LLC Invests $2.90 Million in Five9, Inc. $FIVN

Nierenberg Investment Management Company LLC purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 135,810 shares of the software maker's stock, valued at approximately $2,895,469. Five9 accounts for approximately 0.0% of Nierenberg Investment Management Company LLC's holdings, making the stock its 13th largest holding. Nierenberg Investment Management Company LLC owned approximately 0.18% of Five9 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System lifted its position in shares of Five9 by 0.8% during the second quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker's stock worth $1,832,000 after purchasing an additional 549 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in Five9 by 7.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 11,358 shares of the software maker's stock worth $228,000 after buying an additional 776 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Five9 by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker's stock valued at $1,129,000 after acquiring an additional 807 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Five9 by 378.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker's stock valued at $26,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Quarry LP bought a new position in Five9 in the 3rd quarter worth approximately $33,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Five9

In other Five9 news, President Andy Dignan sold 3,073 shares of the firm's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.25, for a total value of $74,520.25. Following the transaction, the president directly owned 275,687 shares of the company's stock, valued at approximately $6,685,409.75. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Panos Kozanian sold 5,869 shares of the firm's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $145,609.89. Following the sale, the executive vice president owned 161,671 shares in the company, valued at approximately $4,011,057.51. This trade represents a 3.50% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 56,003 shares of company stock valued at $1,386,457 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Five9 Stock Performance

Five9 stock traded down $0.35 during midday trading on Friday, hitting $34.22. 752,371 shares of the company were exchanged, compared to its average volume of 2,820,132. The firm has a market capitalization of $2.62 billion, a PE ratio of 49.59 and a beta of 1.42. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15. Five9, Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $35.17. The business has a fifty day simple moving average of $26.88 and a two-hundred day simple moving average of $21.39.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, August 6th. The software maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $312.44 million during the quarter, compared to analysts' expectations of $306.61 million. Five9 had a return on equity of 12.92% and a net margin of 4.94%.The business's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. On average, sell-side analysts forecast that Five9, Inc. will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

FIVN has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of Five9 from $24.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Rosenblatt Securities boosted their price target on Five9 from $29.00 to $32.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Barclays raised their price target on shares of Five9 from $25.00 to $34.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. DA Davidson raised their price target on shares of Five9 from $22.00 to $28.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Finally, Weiss Ratings raised Five9 from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.79.

About Five9

Five9, Inc NASDAQ: FIVN is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.

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